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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationLLC
Jaime Botello's profile image
Jaime Botello's profile image
Jaime Botello
  • from Los Angeles , CA
  • Member since Feb 9, 2012
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Jaime Botello's profile image
Jaime Botello's profile image
Jaime Botello
  • from Los Angeles , CA
  • Member since Feb 9, 2012
Connect
Jaime Botello
  • Los Angeles , CA
3
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22
Posts
Tax, SDIRAs & Cost Segregation

LLC

Jaime Botello
  • Los Angeles , CA
Posted Sep 28 2014, 11:02

hello,

I currently have two rental properties and I would like to set up an LLC to which I can transfer both properties via a quit claim deed. I have heard that in some cases the bank asks for the loan balance to be due in full once the transfer has been made. Does anyone have any experience with this situation and can you please let me know if this is the case?

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